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3 reasons why Ethereum will hit $10K next bull cycle

Bullish fractals, long-term technical patterns, and favorable macroeconomic trends could boost ETH's price to $10,000 by 2025.

Ethereum’s native token, Ether (ETH), looks poised to grow toward $10,000 in the coming months, according to a mix of bullish fundamental and fractal indicators.

The first compelling reason behind Ethereum’s $10,000 target is its resemblance to a previous price fractal between January 2023 and March 2024, according to Julien Bittel, head of macro research at Global Macro Investor.

The 2023-2024 fractal (black) saw the ETH price consolidate between $1,500 and $2,000 before breaking out to $3,500. The current price action (red line) closely follows this pattern, mirroring the earlier consolidation phase.

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Ethereum fractal hints at $3.3K as analyst says its ‘go time’ for ETH price

Ethereum’s bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024. 

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.

Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.

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Ethereum Technical Analysis: Bulls Face Critical Resistance at $3,900

Ethereum Technical Analysis: Bulls Face Critical Resistance at ,900Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at […]

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Ethereum Technical Analysis: Bullish Signals Dominate as Ether Trends Higher

Ethereum Technical Analysis: Bullish Signals Dominate as Ether Trends HigherEthereum’s price on May 27, 2024, stands at $3,908, reflecting a strong upward trend in the recent trading sessions. Ether’s intraday range has been between $3,795 to $3,953 over the past 24 hours. Ethereum Ethereum’s 1-hour chart reveals a steady upward trend starting from May 26, peaking at approximately $3,953. After reaching this peak, the […]

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Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days

Ethereum Technical Insights: ETH Crosses ,100 Mark for the First Time in 21 DaysEthereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139. With a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion, the cryptocurrency shows a mixed technical outlook. At 7:57 (EDT) on Monday, ether is exchanging hands for just under $3,100 at $3,093 per unit. Ethereum The hourly […]

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Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal

Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible ReversalAs of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing […]

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Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty

Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and UncertaintyAs ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […]

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Ethereum Technical Analysis: ETH’s Consolidation Phase Highlights Potential Downward Trajectory

Ethereum Technical Analysis: ETH’s Consolidation Phase Highlights Potential Downward TrajectoryAs ethereum continues its price fluctuations, technical indicators on the 1-hour, 4-hour, and daily charts suggest a bearish outlook with mixed trading signals. Despite some bullish undercurrents, the predominant sentiment remains cautious. Ethereum Ethereum’s (ETH) price action has shown a downward trend on the 1-hour chart, marked by a series of lower highs and lower […]

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Ethereum Technical Analysis: ETH Consolidates After Testing Key Resistance Levels

Ethereum Technical Analysis: ETH Consolidates After Testing Key Resistance LevelsAs ethereum continues to navigate a period of significant price fluctuations, traders are keenly observing a variety of technical signals from the 1-hour, 4-hour, and daily charts. The combination of oscillators and moving averages provides a nuanced view of potential entry and exit points. Ethereum The 1-hour chart for ethereum (ETH) reveals notable fluctuations, with […]

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Ethereum Technical Analysis: ETH Teeters Between Bullish Breakout and Bearish Continuation

Ethereum Technical Analysis: ETH Teeters Between Bullish Breakout and Bearish ContinuationAs ethereum fluctuates within a wide trading range from $2,991 to $3,266 on April 15, 2024, key technical indicators and chart patterns suggest a nuanced but potential shift in market sentiment. Despite a bearish trend over the past week, recent oscillator and moving average signals point towards a possible bullish reversal. Ethereum The relative strength […]

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